Browse Symbol Stacks: $BTC: slopechart_$BTC.jpg

The (never) Daily Blip 

Bull: Leaving the 50 SMA in the dirt. 

Bull: Said 50 day has turned up. 

Bull: Got out the down channel originating in October. 

Bull: Yellow crayon line held below. 

 
Bear: Yet to breach longer term moving average. 

Bear: Still under big trendline break. This is perhaps not that big of a deal, because as illustrated in past charts, Bitcoin has done this twice in the past, and continued sailing for the moon at a slightly slower pace. 

Bear: We are in a beautiful possible bear flag at the moment. 

VERDICT: Don't see anything obvious, no bets, and I have no idea what happens next. 

Thank you for your consideration of this matter. 

HAPPY SUNDAY! 

Full disclosure: I do own some of those weird stocks that bet on Bitcoin futures/puts/calls and pay out weekly or monthly. That is sort of a nuetral bet to me, because whatever this thing does, people are going to bet on it, and hopefully the managers of these things keep doing whatever the hell they have been doing.